ADMS: Stock popped out of a falling wedge to the upside. I would look to go long over today's high at $34.40 with the recent high of $38.00 and $40.00 as price targets. Short ratio 3.7 days to cover.
APTI: A good swing trade candidate. Stock is in a rising channel and at the apex of a bull coil. It looks like it wants to go higher. I would say that it is in the 4th wave of a 5 wave pattern. Either a buy when it break out of the coil or over $24.00 would be the start of the 5th wave. Price target is $28.00 and then $30.00.
CANN: Quite the reversal today for this pop. After trading as high as $5.00 last week the stock made a 50% retracement to $2.50. Today it traded as high as $4.24 closing at $4.23. I would go long over today's high looking for a test of the previous high at $5.00 and then the measured move takes it to $7.50.
DRNA: STock popped out of a falling wedge on Friday and had follow through today. It looks to be the start of a 5th wave in a 5 wave pattern. It is at the bottom of the up trending channel. I would look to go long over $9.00 with $10.00 and $12.00 as the price targets. Short ratio, 3.6 days to cover.
FATE: Nice pop on this stock today as it broke through lateral resistance and traded as high as $5.29 closing at $5.07. It is coming off a nice base pattern with next resistance at $5.75 and then $6.25. Short ratio 4.6 days to cover.
MARK: Stock has been building a base in the $7.00 to $10.00 range. It is forming a wedge and today was an inside day on low volume. I would look to go long on a break out of the wedge (well defined on the hourly chart) with a test to $11.00. Over $11.00 and I am looking for $14.00. Long term, I think this is a $20.00 stock.
QURE: After a big move back in October the stock has been consolidating. It is at the lower edge of the up trending channel line. I would take a starter position over $18.00 with adds over $21.00. Price target $25.00 and then $30.00.
TWMJF: Another pot stock. It is trading right up to lateral resistance and looks like it wants to go. It is at the lower edge of the up trending channel line. I would look to go long over $17.25 with $21.00 and $25.00 as price targets.
No. The bubble is bursting and as everyone has been warning, don't be long when it turns down.
ARRY is also about to become a perfect breakout, past the 12.50 area, watch for it. Heavy volume, 10% short interest but its a 2bn market cap
Definitely on my watch list. I have it alerted
Great calls man! Got some unrealized gains on TWMJF and $MARK. Thanks!
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